Alpha Gen Capital
Alpha Gen Capital
Tue, Apr. 12, 7:43 AM
- Perry Ellis (NASDAQ:PERY) reports net sales fell 1.7% to $205.46M in Q4.
- Royalty income grew 3% to $8.9M for the quarter.
- Gross margin rate expanded 290 bps to 37.2%.
- SG&A expense rate increased 300 bps to 34.1%.
- Adjusted EBITDA margin rate rose 200 bps to 6%.
- Inventories -0.5% Y/Y to $182.75M.
- FY2017 Guidance: Revenue: $910M to $915M; Gross margin rate: 36.1% to 36.2% (+30 bps to +40 bps); Adjusted EPS: $1.90 to $1.95.
Tue, Mar. 8, 10:15 AM
- Perry Ellis International (PERY -11.8%) trades lower after issuing fresh guidance for FQ4 and initiating guidance for FY16.
- The company expects to report FQ4 revenue of $214M vs. $229M consensus and EPS of $0.35 vs $0.37 consensus.
- The outlook for the full year is revenue of $910M-$915M vs. $949M consensus and EPS of $1.90-$1.95 vs. $2.08 consensus.
May 18, 2015, 1:45 PM
- Shares of Perry Ellis (PERY +4.3%) are at their highest level in four years as last week's strong guidance from the company continues to draw in investors.
- During the earnings call last week, global growth was a major topic with Perry Ellis execs.
- They noted some global categories saw double-digit growth rates in Q1 and widened out margins.
- Earnings call transcript
May 14, 2015, 8:11 AM
- Perry Ellis (NASDAQ:PERY) raises full-year guidance to a range of $1.68-$1.75 vs. $1.45-$1.55 prior and $1.43 consensus.
- A narrowed product line from the company is paying off with margins gains.
- The international and direct-to-consumer channels are also showing strength.
- Previously: Perry Ellis beats by $0.36, beats on revenue (May 14)
- PERY +16.4% premarket to $27.96.
Apr. 2, 2015, 8:00 AM
- Perry Ellis (NASDAQ:PERY) reports net sales increased 0.55% to $209.04M in Q4.
- Gross margin rate fell 9 bps to 34.25% during the quarter and rose 86 bps to 34.05% for the fiscal.
- Inventories -11.07% to $183.73M.
- FY2016 Guidance: Revenue: $925M to $935M; Gross margin rate: 34.5% to 34.6% (+50 bps to +60 bps); Adjusted EBITDA: $55M to $58M; EBITDA margin: 6.0% to 6.25%; Diluted EPS: $1.25 to $1.35.
Feb. 17, 2015, 5:37 PM
Feb. 17, 2015, 5:34 PM
- Perry Ellis (NASDAQ:PERY) -14.8% AH after cutting guidance for its business year ended in January and providing a downside outlook for the current year because of impacts from west coast port disruptions.
- PERY says it had a solid order base in Q4 but was unable to fill $23M in sales orders due to late receipt of goods resulting from port delays that have caused more than a two-week lag in delivering shipments to customers.
- For its FQ4 (Jan.), PERY sees EPS of $0.01-$0.04 vs. $0.43 analyst consensus estimate and revenues of $218M vs. $242M consensus; for FY 2015, PERY cuts its EPS estimate to $0.50-$0.53 and revenue to $890M from earlier guidance of $0.85-$0.95 EPS on revenues of $910M-$920M.
- Says its retail stores and e-commerce business performed well in FQ4, posting respective 1% and 36% sales comp increases.
Nov. 20, 2014, 7:39 AM
- Perry Ellis (NASDAQ:PERY): Q3 EPS of $0.03 misses by $0.03.
- Revenue of $211.44M (-4.8% Y/Y) misses by $3.67M.
- Shares +7.68% PM.
Nov. 18, 2014, 5:55 PM
- Perry Ellis (NASDAQ:PERY) +2.8% AH after shareholders Legion Partners and the California State Teachers' Retirement System calling for the company to explore a potential sale.
- The shareholders, which together own 6.3% of PERY stock, say they are “concerned” about the company's current leadership and believe the best option is to sell to interested bidders.
- The activist funds had suggested a strategic review among other options for the company when they disclosed their stake in July, but a new letter lays out in detail why they think PERY should sell.
- WSJ reported last week that Sequential Brands had approached PERY about a possible takeover.
Nov. 14, 2014, 1:59 PM
- Sequential Brands Group (SQBG +2.5%) approached Perry Ellis (PERY +2.3%) recently about a takeover, according to the WSJ.
- A deal between the two would be nearly a merger of equals with Perry Ellis' market cap only 24% below that of Sequential.
- Perry Ellis is under some pressure from activist investors.
May 22, 2014, 12:46 PM
Feb. 25, 2014, 12:46 PM
Nov. 13, 2013, 12:50 PM
Nov. 13, 2013, 10:14 AM
- Perry Ellis International (PERY -21.9%) plunges after the company announced preliminary Q3 revenue of $222M, down 6% Y/Y vs. previous guidance of -2% to flat, (and vs. consensus of $235M) and EPS of -$0.17 to -$0.15 (vs. consensus of $0.13).
- The company also cut full-year guidance to revenue of $960M-$970M from $985M-$995M and EPS of $0.95-$1.01 from $1.50-$1.60.
- Q3 results were dragged by reduced shipments as a result of the reduction of private label business in the mid-tier channel and reduced sales in its direct retail ops. Perry continued to see "strong performance" in its golf lifestyle apparel and Nike swim lines.
- Not helping the stock: Brean Capital downgraded shares to Hold from Buy and pulled its PT, with analyst Eric Beder calling the stock "dead money" in the near term. "The tough economic environment and dependence on weaker mid tier players has obviated any current positives," the analyst concludes.
May 23, 2013, 10:10 AM
Perry Ellis (PERY -3.3%) slides after the company misses on the top line in Q1. Management reaffirms its FY14 outlook for revenue growth of 3-5% and for adjusted EPS of $1.50-1.60, but cuts guidance slightly for GAAP earnings to $1.58-1.68 versus a previous range of $1.60-1.70. (PR)| May 23, 2013, 10:10 AM
Mar. 21, 2013, 3:13 PM
Perry Ellis (PERY) redeems itself with a 13% jump in revenue in Q4, sending shares +6.3%. "We believe the pieces are in place for a return to prominence," Brean Capital says in a post-earnings note - an about face from a February report that called PERY "at best dead money" through Q1 earnings in May.| Mar. 21, 2013, 3:13 PM